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Buyer Sale Processing Fee
Newly Originated Notes: 50 Basis Points (0.5%) of the Purchase Price for Note purchases up to $1M with a minimum of $500; purchase amounts over $1M will be charged additional Basis Points (0.25%). Performing Notes: 50 Basis Points (0.5%) of the Purchase Price for Note purchases up to $1M with a minimum of $500; purchase amounts over $1M will be charged additional Basis Points (0.25%). Non Performing Notes: 50 Basis Points (0.5%) of the Purchase Price for Note purchases up to $1M with a minimum of $500; purchase amounts over $1M will be charged additional Basis Points (0.25%). Loan Pools: Fee is prorated based on the purchase price of the individual Notes in the pool according to the above schedule Paid by the Buyer: The Buyer must submit a deposit within 24 hours of executing the Loan Purchase and Sale Agreement by both parties of the transaction. The deposit is a dollar amount equal to ten percent 10% of the agreed upon purchase price of the note. Deposits are refunded if the sale is not closed due to no fault of the Buyer.
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